Whole Building/5-7 Guest Street, HAWTHORN VIC 3122
Fully Leased Standalone Office Building - RECENTLY RENOVATED!
GormanKelly is pleased to offer 5 – 7 Guest Street, Hawthorn for Sale.
This well-located standalone property comprises a two-level office with dual street entrances and 19 secured basement car parks on a Land holding of 1,039 sqm with a frontage of 32m (approx.) to Guest street.
Amongst some of the most outstanding aspects of the exciting opportunity include;
• Brand new secured Five (5) year and Six(6) month lease commencing 01st of September 2018 to long-standing
tenant, DBM Consultants Pty Ltd with option an option.
• Demolition Clause applicable to further term of the lease with 12 months written notice allowing for future
• Commencing rental of $362,000 net + GST with all statutory outgoings (excluding Land Tax) recoverable from
the tenant and 3.5% + GST fixed increases throughout the duration of the Lease.
• Recently renovated office fitout providing a functional and modern ‘co-working’ style arrangement with large
breakout room, a number of meeting rooms, a large boardroom and open plan working areas over 950 sqm of
NLA (subject to survey).
• Significant commercial 1 zoned landholding of 1,039sqm under DDO 12-4B Mixed Use South precinct with a
mandatory height limit of 18m and which seeks to promote ‘…built form outcomes that are consistent with the
precinct’s ability to accommodate substantial change’
• Walking distance to public transport including Glenferrie Train Station (serviced by the Alamein, Belgrave and
Lilydale lines), route 16 tram (Kew to Melbourne University via St Kilda) and route 75 tram (Vermont South to
Marvel Stadium) as well as easy access to the M3/Eastern Freeway and M1/Citylink.
• Walking distance to Glenferrie Retail Precinct with its wealth of amenity including both major supermarkets, all
the major banks, chemists, cafes, restaurants, bars, pubs and fashion retailers plus more.
PROPERTY TYPE: Offices
BUILDING AREA: 950.00 m2
PRICE: Contact Agent
CAR SPACES: 19
CONTRACT TYPE: sale